Nigerian stocks rebound on continuous demand for financial services shares

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Rising by 105.04 points, the all-share index closed at 41,249.71, while market capitalisation climbed to N21.5 trillion.

NGXGroup led gainers, growing by 10 per cent to close at N21.45. GSK gained 6.87 per cent to close at N7. NPF Microfinance Bank rose by 5.85 per cent to N1.81. WAPIC leapt to N0.50, notching up 4.17 per cent in the process. FBN Holdings completed the top 5, climbing up by 3.83 per cent to N12.20.Prestige topped losers, declining by 8.51 per cent to close at N0.43. Academy shrank by 8.33 per cent to end the day at N0.33. Consolidated Hallmark dropped to N0.55, losing 8.33 per cent.

FBN Holdings was the most preferred stock, trading 147.6 million shares worth N1.8 billion in 859 deals. Etranzact traded 105.2 million units estimated at N215.6 million in 9 transactions. Access had 27.9 million shares valued at N266 million traded in 288 deals. Transcorp traded 22.3 million shares estimated at N22.8 million in 153 transactions. GTCO traded 20.6 million shares valued at N612.9 million in 400 deals.

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